Not knowing how QuickBooks Desktop can track foreign currency transactions means that you are not providing your clients with the utmost expertise. Furthermore, it can cause you a lot of work at year-end trying to detangle the mess that your clients have left for you in the form of meaningless QuickBooks data.
With the help of this CPE course, you can learn how to use Multicurrency in QuickBooks the correct way and offer your clients "above and beyond" knowledge and expertise.
In certain situations, QuickBooks automatically calculates and records gains and losses on foreign exchange. These situations have to do with closing a sales workflow (receiving payment, depositing to the bank) and closing a purchase workflow (paying a bill).
But there is one more kind of gain or loss on foreign exchange that QuickBooks doesn’t record unless we tell it to do so: Home Currency Adjustments.
Join this CPE course by Esther Friedberg Karp to learn about the concept of the Home Currency Adjustment, which revalues foreign currency balances on the balance sheet without changing their value in the original currency.
Major topics discussed in this course:
This CPE QuickBooks webinar will go beyond the everyday purchase, sale, and transfer transactions in a Multicurrency environment in QuickBooks Desktop. You will also learn how to use purchase orders in a Multicurrency environment.
Founder, CompuBooks Business Services
Esther Friedberg Karp is an internationally-renowned trainer, writer, business consultant and speaker who has been repeatedly listed as one of Insightful Accountant’s Top 100 QuickBooks ProAdvisors in the world. She has also been named to their Top 10 list on two occasions: as Top International ProAdvisor and Top Trainer/Writer ProAdvisor.
In addition, Esther was named one of the Top 50 Women in Accounting for 2017 and a Top Ten Influencer in the Canadian Bookkeeping World in 2018.
Based in Toronto, Canada, Esther has the unique distinction of holding ProAdvisor certifications in the United States, Canada, and the United Kingdom. She has authored materials and delivered educational and certification courses for Intuit in all those countries, as well as Australia where she conducted live QuickBooks Online training. She has spoken at Scaling New Heights, QuickBooks Connect and other conferences, and has written countless articles for Intuit Global, the Firm of the Future blog and Insightful Accountant.
Esther’s clients include companies worldwide and accounting professionals who seek her out on behalf of their own clients. She is sought out for her expertise in Multicurrency and various countries’ editions of QuickBooks Desktop and Online, and for her talent in customizing QuickBooks usage for different industries. She also creates QuickBooks Core and Advanced certification training for accounting professionals in Canada.
Esther holds a BSc from the University of Toronto in Actuarial Science and Mathematics, and an MBA in Marketing and Finance from York University’s Schulich School of Business.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors.
MHK
Thank you very much for a valuable webinar
JS
Good content but I do not use in my business
N.
Good learning
JK
Thanks
PS
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